Arab Finance: Misr El-Gedida expects to generate more than EGP 250 billion in revenue over the coming years from its strategic partnership portfolio in New Heliopolis City, Managing Director and CEO Sameh El Sayed announced.
The development agreements are expected to secure a minimum guaranteed value of EGP 112 billion, reinforcing the company’s strategy to achieve sustainable growth by maximizing the value of its extensive land portfolio.
El Sayed added that Misr El-Gedida is targeting annual profit growth of around 30% in 2026 and 2027, with net profits expected to climb to approximately EGP 10 billion by 2028.
Over the past three years, the group has signed partnership agreements for various real estate projects covering around 2,500 feddans in New Heliopolis City. It still owns about 700 feddans within the city, while its total land bank available for future development stands at nearly 1,450 feddans, providing substantial capacity for future expansion.
The CEO highlighted that around 70% of the company's land portfolio is being developed through partnerships with private developers, while the remaining 30% is allocated to self-development projects.
To support future developments, the company has invested around EGP 1 billion over the past two years in upgrading infrastructure across New Heliopolis City, including roads, water and utility networks, landscaping, natural gas and telecommunications services.
Currently, Misr El-Gedida is preparing to begin construction of the first phase of its Jadinah self-development project in New Heliopolis. The first phase, with an estimated investment of EGP 2.5 billion, will include 560 residential units, in addition to commercial and administrative buildings, infrastructure and utility works.
The company is also set to officially launch the Green Kasbah mixed-use development in September 2026. The project will feature commercial, service and entertainment facilities, a central public plaza, a religious center and a hotel, aiming to enhance New Heliopolis City's investment attractiveness and support long-term urban development.
In the first quarter (Q1) of 2026, the EGX-listed group posted net profits valued at EGP 250.639 million, compared to EGP 478.056 million in Q1 2025.
